Eight-Unit Industrial
51 Harvey Road, Londonderry, NH 03053
For Sale
Contact for pricing
Multi-tenant industrial space with heavy three-phase power, dock access, and drive-in loading at most units.
Property Size22,250 SF
Lot Size2.09 Acres
Price / SF$130.34
Days on Market105
Property Features for 51 Harvey Road
General Information
Standard status
Size
Class
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Highway Access
Utilities to Site
Warehouse & Industrial
Clear Height
Three-Phase Power
Heavy Power
Building Details
Year Built
Buildings
Units
Tenancy
Building Size
Listing Agency:
Marcus & Millichap - Boston
Listed By:
Luigi Lessa · License #9566627
(617) 896-7216
Source:
Crexi
Added: Jul 28
Changed: Nov 5
Last Checked: Nov 8 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Boston
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Investment Insights
Based on property information with market context.
This 22,250-square-foot industrial warehouse contains eight units on 2.09 acres and was built in 1980. The property is zoned Industrial II and includes heavy three-phase power, private dock and drive-in access at most units, and 18-foot clear heights in the larger warehouse bays. LED lighting, public water and sewer, and surface parking across two dedicated lots support ongoing industrial operations.
All units are currently occupied by a combination of long-term and month-to-month tenants. Ownership is willing to structure a three-year sale-leaseback for a buyer seeking continued occupancy before a future transition. The property is positioned within the Manchester-Boston Regional Airport industrial corridor, with access to I-293 Exits 1 and 2 and connectivity to I-93 and Route 28.
All units are currently occupied by a combination of long-term and month-to-month tenants. Ownership is willing to structure a three-year sale-leaseback for a buyer seeking continued occupancy before a future transition. The property is positioned within the Manchester-Boston Regional Airport industrial corridor, with access to I-293 Exits 1 and 2 and connectivity to I-93 and Route 28.
Key Highlights
- 22,250‑square‑foot industrial building with eight units on 2.09 acres
- Industrial II zoning with heavy three‑phase power
- Private dock and drive‑in access at most units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,478
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,249,560
$3.2M
Cap Rate 7%
$2,321,114
$2.3M
Cap Rate 9%
$1,805,311
$1.8M
Market Conditions
NOI Build-Up for 22,250 SF
Gross rent
$202.9K $9.12/SF
− Vacancy
−$11.8K −$0.53/SF
EGI
$191.2K $8.59/SF
− OpEx
−$28.7K −$1.29/SF
NOI
$162.5K $7.30/SF
Area
Rockingham County, NH
Vacancy
5.80%
Lease Rate
$9.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,249,560
Cap Rate 7%
$2,321,114
Cap Rate 9%
$1,805,311
Alternative Uses
Best Use
Warehouse
$2.32M
$2.03M – $2.71M
NOI $162,478 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.41M
$6.48M – $8.64M
NOI $518,535 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Heavy power
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 03053, NH
25,646
Population
9,751
Households
2.6
Avg Household Size
42
Median Age
49%
College-Educated
97%
High-School Grad
41.7 sq mi
ZIP Area
615
Density / Sq Mi
$132,241
Median Household Income
$60,812
Median Earnings
$1,837
Median Rent
$464,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Rockingham County, NH
Properties on Market for Warehouses in Rockingham County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- U-Pack — 52 Wentworth Ave, Londonderry, NH 03053
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-tenant industrial space with heavy three-phase power, dock access, and drive-in loading at most units.
Where is this warehouse located?
The property is located at 51 Harvey Road Londonderry, NH.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 22,250‑square‑foot industrial building with eight units on 2.09 acres; Industrial II zoning with heavy three‑phase power; Private dock and drive‑in access at most units
